Supervisory Board

The Supervisory Board consists of five members. The rules governing the Supervisory Board's activities are set in details in the Company's Statute. According to the provisions of the Statute at least three members of the Supervisory Board must satisfy the rules of independence set in § 20 item 4. Currently, 4 out of 6 members of the Supervisory Board are independent*.

The Supervisory Board's exclusive competences include setting the compensation of the Management Board, selection of the Company's auditor and approval of related party transactions. All transactions with affiliates must receive consent of the independent members of the Supervisory Board. The Supervisory Board of Agora meets at least once a quarter.

The Supervisory Board elected two committees: Audit Committee and Human Resources and Remuneration Commission.

* one of the Supervisory Board members (Helena Luczywo) owns one stake (with nominal value of PLN 10,427.84) in Agora-Holding Sp. z o.o. entitled to 34.9% of the total number of votes at the general meeting of shareholders of Agora SA. The stake held by the member of the Supervisory Board constitutes 16.67% of the share capital of Agora-Holding Sp. z o.o. and entitles to 16.67% of total votes at the meeting of shareholders of Agora-Holding Sp. z o.o.

* another member of the Supervisory Board (Anna Kryńska-Godlewska) is the Investment Manager and Board Member of the Media Development Investment Fund in New York, which holds 11.22% of the share capital of Agora SA, which entitles the fund to 8.26% of the votes at the General Meeting of Shareholders.